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100% Monthly consistently

  • #141
  • Apr 18, 2010 4:46pm Apr 18, 2010 4:46pm
I haven't read the whole thread, but I'm in your camp when it comes to making 100% or greater per month. Doesn't require 400:1 or stupid leverage. Just takes execution, patience, and discipline.

I think it's like any personal endeavor. Most limitations on people is themselves.
  • #142
  • Apr 18, 2010 8:56pm Apr 18, 2010 8:56pm
Quoting JR97
I haven't read the whole thread, but I'm in your camp when it comes to making 100% or greater per month. Doesn't require 400:1 or stupid leverage. Just takes execution, patience, and discipline.

I think it's like any personal endeavor. Most limitations on people is themselves.
Hi and welcome

VERY WELL said, couldn't agree with you more.


R
  • #143
  • Apr 18, 2010 10:15pm Apr 18, 2010 10:15pm
do you mind sharing your avg % risk per trade ?
  • #144
  • Apr 19, 2010 7:01am Apr 19, 2010 7:01am
Quoting songbo
do you mind sharing your avg % risk per trade ?

Please read all the posts


R
  • #145
  • Apr 19, 2010 3:28pm Apr 19, 2010 3:28pm
For the nonbelievers
March 29-April 19 = 111.69%

R
  • #146
  • Apr 19, 2010 3:32pm Apr 19, 2010 3:32pm
Quoting robertw
For the nonbelievers
March 29-April 19 = 111.69%

R
Was browsing and came across your thread...impressive return and and even more impressive win rate. Will have to read this thread in more detail at some point.
  • #147
  • Apr 19, 2010 6:03pm Apr 19, 2010 6:03pm
Quoting lovejoy80
Was browsing and came across your thread...impressive return and and even more impressive win rate. Will have to read this thread in more detail at some point.

Hi

I took a quick glance at your journal, and will definitely read when I have some time. Seems like we share a similar trading strategy.


Just took a long position on EurNzd since it was on the bottom of its channel, figured its going to be a slow grind up the next few hours for about 100 pips. I come back to the computer after grabbing something to drink and there it is +90 pips, got out with a market order at +85 in 8 minutes. Yes, NZD news did came out but I forgot about that and wasn't betting on the news, heck I wouldn't have even entered.
Sometimes luck does help in trading


R
  • #148
  • Apr 20, 2010 10:54am Apr 20, 2010 10:54am
Quoting robertw
Hi

I took a quick glance at your journal, and will definitely read when I have some time. Seems like we share a similar trading strategy.


Just took a long position on EurNzd since it was on the bottom of its channel, figured its going to be a slow grind up the next few hours for about 100 pips. I come back to the computer after grabbing something to drink and there it is +90 pips, got out with a market order at +85 in 8 minutes. Yes, NZD news did came out but I forgot about that and wasn't betting on the news, heck I wouldn't have even entered.
Sometimes...
It's very rare that this works in your favour from my experience i.e. you make a mistake or forget something and it normally goes right against you...once I entered an order that was10x the lot size I wanted...came back and did the trade go in my avour ...hell no lol.

Markets have a good habit of punishin your errors to the extreme, so nice one there.

Took a look at your myfxbook stats you seem to routinely to smash it on GJ...will start to read your thread tonight and look at your trades to learn more...as you must have some setups that I dont currently know to take all these GJ trades so well.
  • #149
  • Apr 20, 2010 11:15am Apr 20, 2010 11:15am
Quoting robertw
Hi

I took a quick glance at your journal, and will definitely read when I have some time. Seems like we share a similar trading strategy.


Just took a long position on EurNzd since it was on the bottom of its channel, figured its going to be a slow grind up the next few hours for about 100 pips. I come back to the computer after grabbing something to drink and there it is +90 pips, got out with a market order at +85 in 8 minutes. Yes, NZD news did came out but I forgot about that and wasn't betting on the news, heck I wouldn't have even...
are you doing this Live?
  • #150
  • Apr 20, 2010 2:24pm Apr 20, 2010 2:24pm
Quoting forex_trader
are you doing this Live?
yes, all my trades are LIVE

check the history on my account, you'll see deposits and withdrawals
the last I checked you couldn't withdraw from demo, but then things are changing so fast these days



R
  • #151
  • Apr 20, 2010 2:27pm Apr 20, 2010 2:27pm
Quoting lovejoy80
It's very rare that this works in your favour .....

That is probably true if you trade news on purpose but I did the trade purely on chart's technical aspects. I do have to admit that coincidence and luck had a lot to do with it but that my analysis was still correct.


R
  • #152
  • Apr 20, 2010 2:55pm Apr 20, 2010 2:55pm
Quoting robertw
That is probably true if you trade news on purpose but I did the trade purely on chart's technical aspects. I do have to admit that coincidence and luck had a lot to do with it but that my analysis was still correct.



R
Yeah, wasn't im[p;lying you were trading the news...just that the market normally kicks you in the teeth when you make a mistake and rubs it in...I closed a UC short yesterday way to early and look what happened today...it just added to the frustration with the big move down following news lol.

  • #153
  • Apr 20, 2010 3:33pm Apr 20, 2010 3:33pm
Quoting lovejoy80
Yeah, wasn't im[p;lying you were trading the news...just that the market normally kicks you in the teeth when you make a mistake and rubs it in...I closed a UC short yesterday way to early and look what happened today...it just added to the frustration with the big move down following news lol.

did a very similar thing on GJ today went long at 143.109 with goal to get out at about 143.50-70, it was sitting there for a while in small profit then started going down so I figured I'll re-enter at better price so I got out with like +1 pip.
Well guess what, it decided not to go down anymore and shoots up to 143.53.
Still you must be hurting even more with at least 100 pips missed - sorry mate but don't worry there is always next time.

I'd consider going long now on UC

R
  • #154
  • Apr 20, 2010 3:53pm Apr 20, 2010 3:53pm
Quoting robertw
did a very similar thing on GJ today went long at 143.109 with goal to get out at about 143.50-70, it was sitting there for a while in small profit then started going down so I figured I'll re-enter at better price so I got out with like +1 pip.
Well guess what, it decided not to go down anymore and shoots up to 143.53.
Still you must be hurting even more with at least 100 pips missed - sorry mate but don't worry there is always next time.

I'd consider going long now on UC

R
lol...I did that with GJ yesterday...had a long entry @ 139.93...exited @ 140.09...picked the change in trend quite well but played it very badly lol.

Yeah I dont let things like that get to me...there are so many opportunities each day that you dont need to worry about the ones you played badly - and if your mistakes only result in you making less profit than you should have rather than costing you money then it's not all bad.

From my own methods this is what I see on UC - we are sitting on a weekly S/R area and near recent lows...so I'd consider a 'swing' trade plus there is hidden diverence on RSI but no definitive entry...do you see anything else from your trading style.

Gonna read through all your thread later tonight (have the coffee ready lol).
and some of you recent GJ trades
  • #155
  • Apr 20, 2010 4:13pm Apr 20, 2010 4:13pm
USDCAD

weekly S/R is present but I'm just jugging based on past experience of watching these sudden moves, they generally recover to the pre-fall/rise level, again this is simply just from watching similar price action so much on many pairs. Also we have the psychological level at parity.

Watching and recognizing price action will beat a bunch of indicators anytime but it requires years of watching. If your read Jesse livermore's story from over 100 years ago you'll probably agree with me that except for technology not much has changed in trading and so it goes for price patterns that's why I find them so reliable.

if you look at gbpusd its probably forming a cup right now and will reach 1.5425 soon - just testing my theory


R

R
  • #156
  • Apr 20, 2010 5:04pm Apr 20, 2010 5:04pm
Quoting robertw
USDCAD

weekly S/R is present but I'm just jugging based on past experience of watching these sudden moves, they generally recover...
Yep, fading the move and like you said parity too. Yeah agree with you about Jesse, reading the tape i.e. reading how price behaves from patterns that have worked in the past is the most reliable method of trading IMO. Though I wish I could corner the market like he used to in some stocks and commodities

Knew I'd learn something from coming here...no idea what a cup is...well obviously I do, but not in terms of trading pattern. If it's in your thread then I'll find it...or I'll try and google it, otherwise I'll come back and ask if that's ok.
  • #157
  • Apr 21, 2010 5:07am Apr 21, 2010 5:07am
Quoting robertw
USDCAD

weekly S/R is present but I'm just jugging based on past experience of watching these sudden moves, they generally recover...
Read you thread last night and looked up cup pattern etc...you were right about your projection just reaching it now

Your myfxbook accounts are very impressive, you obviously have a very high level on confidence in your methods and can appply them well to get a high win rate...having such a high win rate allows you to risk more

Will be following your trades and this thread from now on to see what more I can learn and glean from your methods.

All the best
Mark
  • #158
  • Apr 21, 2010 12:54pm Apr 21, 2010 12:54pm
Quote
Read you thread last night and looked up cup pattern etc...you were right about your projection just reaching it now

Feels good to be right

Quote
Your myfxbook accounts are very impressive, you obviously have a very high level on confidence in your methods and can appply them well to get a high win rate...having such a high win rate allows you to risk more

something like that

Quote
Will be following your trades and this thread from now on to see what more I can learn and glean from your methods.

feel free to ask anything, If I can help I will.

R
  • #159
  • Apr 21, 2010 3:56pm Apr 21, 2010 3:56pm
Quoting robertw
Feels good to be right



something like that



feel free to ask anything, If I can help I will.

R
Thanks Robert...following your trades on myfxbook. I was on UC long and GJ short today too...out of interest what was your reasoning for GJ shorts...?

I was looking for short as were @ a resistance area with a bigger resistance and confluenced area above @ 145 i.e. path of least resistance was down...wanted verifcation with price action and got a BEOB with divergence. You got better entries than me on this one.

http://www.forexfactory.com/showpost...&postcount=572
  • #160
  • Apr 21, 2010 5:16pm Apr 21, 2010 5:16pm
Quote
Thanks Robert...following your trades on myfxbook. I was on UC long and GJ short today too...out of interest what was your reasoning for GJ shorts...?

I'm bearish GJ all the way down to about 128, but that will take a while to play out so I'll be both long and short.
I still hold some shorts.
It has not broken the previous highs.
USD is still gaining strength while GBP is not getting much stronger and there isn't much good news coming from that side of the pond either.
JPY is not weakening and looks to be consolidating and I feel we'll see 90 soon again.


Quote
I was looking for short as were @ a resistance area with a bigger resistance and confluenced area above @ 145 i.e. path of least resistance was down...wanted verifcation with price action and got a BEOB with divergence. You got better entries than me on this one.


sometimes its just a matter of being in front of the screen to catch a good entry.
I don't expect to see 145 but if we do all hell may break loose and we may shoot to 149. Can't see any reasons for that right now but I've seen bigger spikes happen out of nowhere.


R
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